Spain and Italy have extended their short-selling bans to Sept. 30 while Belgium and France have not specified an end-date to their short-selling ban, stating that they will lift the ban as soon as market conditions warrant, reports Huw Jones for Reuters. Greece will review its decision by the end of September.

The self-imposed bans are an attempt to provide to support to the equities market, especially financial shares, amid the credit crisis. However, some observers question whether the move will support financial stocks.